Manchin and BBB, Intel + Microsoft and ESG, and SEIA – pv Magazine USA in New York
Attorneys, CPA, developers, solar politics, and more at the Solar Finance, Tax, and Buyers Seminar in New York, there was a lot of optimism about the BBB Act, ITC, and the potential for solar power in New York. ..
The Solar Energy Industries Association (SEIA) is an annual event Finance, Tax, Buyer Seminar At the Conrad Hotel in New York City.
The first day of the event began with SEIA President and CEO Abbey Hopper on stage with NYSERDA President and CEO Doreen M. Harris. They talked about the growth of New York’s community solar and large-scale programs, as well as various practical designs that seek to adapt in light of market conditions.
Harris also mentioned a project located in the northern part of the state, saying that using major farmland for solar power is not a viable long-term path.
Harris said New York has 60 GW of renewable energy ( 10GW community solar As the state moves towards a 100% emission-free power grid (by 2030).
That’s a big number.
Next on stage was a group led by SEIA’s Erin Duncan, who was optimistic about signing the Build Back Better (BBB) law, especially solar construction (with direct payments) and manufacturing tax credits. ..
Duncan’s opinion was shared by everyone on stage. James Dennis West Virginia State Senator Joe Manchin recently suggested to the audience that the BBB bill needs to be finalized by July 4 so that it has time to sign before the August recess. It reminded me.
There was a technical discussion about the investment tax credit (ITC) clause of the BBB bill. Additional tax credit opportunities for real estate above 1 MWac (specifically 10% for domestic content, building in financially difficult areas) could increase the ITC to 50%.
It’s a lot of direct payments.
The next stage was represented by two companies with a market capitalization of over $ 2.5 trillion. Microsoft is $ 2.3 trillion and Intel is $ 250 billion. Representatives from both companies have expressed their desire to purchase within high environmental, social and governance (ESG) standards.
Both representatives encouraged contractors to go through their respective websites to connect with them. Jamie Belliveau, the representative of Intel, suggested finding him through him LinkedIn profile..
SEIA went to the next stage and presented some great data.
Despite the chart showing heartburn due to rising prices, utility-scale deployments and pipelines were still growing. Unfortunately, it was clear that commercial and industrial on-site installations had been stagnant over the past year.
Some of the more interesting data points were about the time it takes to deploy different stages of solar panel manufacturing, from polysilicon to ingots, wafers, cells and modules. (Photo above)
This is an important topic. Manufacturing credit Not only is it included in the BBB, but it also includes a high level of optimism from SEIA on this topic.
The last story of the day was the most technical of tax and financial law.
One of the most important issues is changing market conditions, and many tax partners are becoming more and more flexible. This “forced flexibility” stems from product availability issues and inflationary pressures, as well as the looming potential of direct payment options. However, while some tax partners were able to adapt to these terms, it was clear that many tax equity investors have limited capital and others face major challenges. ..
This content is copyrighted and cannot be reused. If you would like to work with us and reuse some of our content, please contact: editors@pv-magazine.com..
https://ift.tt/biC1X9m Manchin and BBB, Intel + Microsoft and ESG, and SEIA – pv Magazine USA in New York
The post Manchin and BBB, Intel + Microsoft and ESG, and SEIA – pv Magazine USA in New York appeared first on Autobala.
Auto Updates
Comments
Post a Comment